Myspace to cut 400 jobs. Yeah, Myspace is still around. I know, right?

First there was Friendster, and Friendster was really stupid and nobody liked it.  Then, there was Myspace, and everyone liked Myspace because it was a new way to meet girls to have sex with.  Around the same time, Facebook popped up and no one liked it because a bunch of kids were on there.  Then, every band in the world realized that Myspace was a great place to spam people with their demos and their videos and their photos and everyone left Myspace because it was like a massive house party that was, at first, a nice little get-together with some good friends and a couple of cases of beer. Then Myspace turned into a raging kegger that was too loud and, you know, they were wrecking the place.  So then everyone went to Facebook, which is more like an after hour meet-up that sometimes runs long enough for you to be like, shit, I have to work in the morning!  What happens when a social-networking site, like Myspace, that earns revenue by ads, losses about, oh, half of the people that used the site?  Plus a recession?  Can you spell “lay-offs” boys and girls?  From the New York Times.

MySpace’s identity is closely associated with entertainment and music — a place where, for example, an upstart band would go to find a following. But Facebook has become the gathering place for users who want to share photos and connect with long-lost friends. “Right now, MySpace has been attempting to compete to be the biggest social networking site,” said Josh Bernoff, an analyst at Forrester Research. “I don’t think that’s been successful. If MySpace is about your entertainment life, Facebook is about your whole life.”

Myspace is going to cut around 400 jobs, and the reminder of the staff will be around 1,000.  Yeah, I know that’s not a lot.  But, hey, those are 400 people that won’t have enough money for skinny jeans.  Skinny jeans! Somebody might not be able to afford skinny jeans!  And, hey, don’t worry.  Facebook is about one or two new updates away from being completely annoying.  Facebook hasn’t jumped the shark yet, unlike some social-networking sites. Oh, snap!